MIRA INFORM REPORT
|
Report Date : |
02.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAMWON INDUSTRIAL CO., LTD. |
|
|
|
|
Formerly Known As : |
SAMWON CORPORATION |
|
|
|
|
Registered Office : |
785-8, Wonsi-dong, Danwon-gu, Ansan-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
16.09.1980 |
|
|
|
|
Com. Reg. No.: |
134-81-06403 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Surface-Active Agents |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company
Name |
SAMWON
INDUSTRIAL CO., LTD. (Korean Company
Name : “삼원산업(주)”) |
|
Registered Address |
785-8, Wonsi-dong, Danwon-gu, Ansan-si, |
|
Zip Code |
425-852 |
|
Tel |
+82-31-491-7881 |
|
Fax |
+82-31-491-0449 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
785-8, Wonsi-dong, Danwon-gu, Ansan-si, |
|
Tel |
+82-31-491-7881 |
|
Fax |
+82-31-491-0449 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Surface-Active Agents |
|
Main Business |
Fluorescent Brightener, Fluorescent Dyes |
|
Established (mm/dd/yyyy) |
09/16/1980 |
The Subject owns the
premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fluorescent dyes(12171501) |
|
Buy |
Additives(12160000) |
|
Buy |
Amines or imines or its
substitutes(12352116) |
|
Buy |
Alcohols or its substitutes(12352104) |
|
Buy |
Organic derivatives and substituted
compounds(12352100) |
|
Buy |
Dispersing agents(12161904) |
|
Buy |
Inorganic metal salts(12352302) |
|
Buy |
Cooking or table salt(50171551) |
|
Buy |
Chemistry reagents or solutions(41116105) |
CEO’s
|
Name |
Ham Gyeong-Woo |
|
Address |
Suite 1016-401, 741, Choji-dong,
Danwon-gu, Ansan-si, |
|
Date of Birth |
05/04/1950 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
1,250,000,000 |
|||||||||||||||
|
Employees |
59 |
|||||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
|||||||||||||||
|
Bank Details |
Woori Bank-Seosomun Branch Industrial Bank of Nonghyup Bank |
|||||||||||||||
|
Corporate Registered No. |
130111-0008143 |
|||||||||||||||
|
Business Registered No. |
134-81-06403 |
|||||||||||||||
|
Permit & Licenses |
06/29/2002 ISO 9001 Int’l Trade No.: 522014 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
01/01/1971
Established as SAMWON CORPORATION (Sole
Proprietorship) 09/16/1980 Incorporated as the present name 08/30/2002
Increased the authorized shares to 5,000,000 shares from 128,000 KRW 12/23/2002 Increased capital to
1,250,000,000 KRW from 650,000,000 KRW 05/24/2006 Designated as a INNO-BIZ Company 07/15/2007 Designated as a Venture Business 07/15/2009 Designated as a Venture Business
again |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ham Gyeong-Woo |
Male |
Korean |
04/03/2002 |
|
Director |
Mr. |
Lee Jong-Man |
Male |
Korean |
03/20/2001 |
|
Director |
Mr. |
Kim Hong-Soo |
Male |
Korean |
03/22/2006 |
|
Auditor |
Mr. |
Jung Jo-Hee |
Male |
Korean |
03/22/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
22,554,099,941 |
13,807,407,297 |
548,800,591 |
|
|
2009 |
21,697,390,995 |
13,863,708,793 |
161,004,239 |
|
2008 |
22,087,181,855 |
15,368,837,429 |
572,897,824 |
|
2007 |
17,613,668,271 |
12,033,325,449 |
459,205,296 |
|
2006 |
18,567,598,111 |
11,028,212,189 |
881,612,572 |
|
2005 |
17,606,840,183 |
11,327,844,503 |
494,116,544 |
Financial Description
|
Authorized Capital(KRW) |
25,000,000,000 |
|
Paid-Up Capital(KRW) |
1,250,000,000 |
|
Total Issues Shares |
250,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
13,807,407,297 |
13,863,708,793 |
15,368,837,429 |
|
Current Assets |
9,080,862,636 |
9,158,659,260 |
10,587,289,862 |
|
-Quick Assets |
4,709,034,744 |
5,382,939,209 |
5,729,049,514 |
|
-Inventories |
4,371,827,892 |
3,775,720,051 |
4,858,240,348 |
|
Fixed Assets |
4,726,544,661 |
4,705,049,533 |
4,781,547,567 |
|
-Investment |
313,100,000 |
250,100,000 |
153,100,000 |
|
-Tangibles |
3,621,456,837 |
3,709,292,604 |
3,955,896,769 |
|
-Intangibles |
6,252,619 |
4,853,420 |
7,624,221 |
|
-Others |
785,735,205 |
740,803,509 |
664,926,577 |
|
Total Liabilities |
4,226,980,801 |
4,794,582,888 |
6,398,215,763 |
|
Current Liabilities |
2,705,117,495 |
3,276,675,279 |
4,659,419,478 |
|
Fixed Liabilities |
1,521,863,306 |
1,517,907,609 |
1,738,796,285 |
|
Capital Stock |
1,250,000,000 |
1,250,000,000 |
1,250,000,000 |
|
Capital Surplus |
-- |
- |
- |
|
Profit Surplus |
8,330,426,496 |
7,819,125,905 |
7,720,621,666 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
9,580,426,496 |
9,069,125,905 |
8,970,621,666 |
|
Liab. &
Shareholder’s Equity |
13,807,407,297 |
13,863,708,793 |
15,368,837,429 |
|
Current
Liabilities |
2,705,117,495 |
3,276,675,279 |
4,659,419,478 |
|
Trade Payables |
37,412,389 |
1,042,213,518 |
1,004,714,069 |
|
Short-Term Borrowings |
1,700,000,000 |
1,000,000,000 |
2,426,623,200 |
|
Account Payables |
558,056,978 |
618,528,758 |
631,183,250 |
|
Advance Receipts |
59,197,021 |
55,708,904 |
125,483,062 |
|
Withholdings |
25,570,609 |
23,204,099 |
24,829,669 |
|
VAT Withhold |
- |
- |
4,738,340 |
|
Accrued Expenses |
- |
- |
- |
|
Accrued Income Tax |
150,400,498 |
- |
181,847,888 |
|
Current Portion of Long-Term Debts |
174,480,000 |
537,020,000 |
260,000,000 |
|
Fixed
Liabilities |
1,521,863,306 |
1,517,907,609 |
1,738,796,285 |
|
Long-Term Borrowings |
50,000,000 |
224,480,000 |
561,500,000 |
|
Leasehold Deposit Received |
10,000,000 |
10,000,000 |
20,000,000 |
|
Provision for Severance & Retirement |
1,548,508,370 |
1,366,591,750 |
1,238,009,490 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
22,554,099,941 |
21,697,390,995 |
22,087,181,855 |
|
Cost of Sold Goods |
17,764,352,436 |
17,613,122,811 |
17,211,067,674 |
|
Gross Profit |
4,789,747,505 |
4,084,268,184 |
4,876,114,181 |
|
Selling & Admin. Expenses |
3,943,126,681 |
3,638,067,048 |
3,408,282,297 |
|
Operating Income |
846,620,824 |
446,201,136 |
1,467,831,884 |
|
Non-Operating Income |
368,022,174 |
472,457,448 |
769,296,707 |
|
Non-Operating Expenses |
525,219,834 |
647,184,344 |
1,309,443,387 |
|
Ordinary Income |
689,423,164 |
271,474,240 |
927,685,204 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
689,423,164 |
271,474,240 |
927,685,204 |
|
Income Taxes Expenses |
140,622,573 |
110,470,001 |
354,787,380 |
|
Net Income |
548,800,591 |
161,004,239 |
572,897,824 |
Cash Flows
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Cash Flows from Operating |
756,079,513 |
1,284,642,794 |
-296,029,004 |
|
-Net Income |
548,800,591 |
161,004,239 |
572,897,824 |
|
-Exp. without Cash Outflow |
811,048,856 |
835,824,421 |
1,257,562,034 |
|
- |
(25,489,142) |
-37,302,530 |
-217,571,512 |
|
-Changes in Asset/ & Liability |
-578,280,792 |
325,116,664 |
-1,908,917,350 |
|
Cash Flows from Investing |
-741,887,187 |
-506,554,326 |
-1,079,300,945 |
|
-Cash Inflow from Investing |
117,483,286 |
391,270,727 |
903,460,851 |
|
-Cash Outflows for Investing |
-859,370,473 |
-897,825,053 |
-1,982,761,796 |
|
Cash Flows from Financing |
125,480,000 |
-1,549,123,200 |
2,157,451,400 |
|
-Cash Inflows from Financing |
1,912,000,000 |
200,000,000 |
3,142,451,400 |
|
-Cash Outflows from Financing |
-1,786,520,000 |
-1,749,123,200 |
-985,000,000 |
|
Increase/Decrease in Cash |
139,672,326 |
-771,034,732 |
782,121,451 |
|
Cash at the Beginning of Year |
682,140,525 |
1,453,175,257 |
671,053,806 |
|
Cash at the End of Year |
821,812,851 |
682,140,525 |
1,453,175,257 |
Products, Technologies, Services Description
|
Main Products & Services |
Fluorescent Brightener, Fluorescent Dyes Brand Name : THREEPHOR™, THREETEX™,
THREENIR™, THREESORB™, OPTABIAD™ |
Trade Partners & Competitors
|
Competitors |
BUM JIN INDUSTRIAL CO., LTD. 268, GYEREUK-RI, MIYANG-MYEON, ANSEONG-SI, TEL:+82-31-677-0033 FAX:+82-31-677-8229 TEXCHEM KOREA CO., LTD. RM. 617, TEL:+82-31-908-8651 FAX:+82-31-908-8654 DYESWELL CO., LTD. 109B-11L, NAMDONG INDUSTRIAL COMPLEX,
654-10, GOJAN-DONG, NAMDONG-GU, TEL:+82-32-822-8405 FAX:+82-32-817-0639 |
Sales by Region
(Activity & Markets)
|
Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
10,256,346,428 |
9,188,802,072 |
8,307,157,215 |
|
Domestic |
12,297,753,513 |
12,508,588,923 |
13,780,024,640 |
|
Total |
22,554,099,941 |
21,697,390,995 |
22,087,181,855 |
The Subject deals
with the companies in
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.